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Malibu Boats, Inc. - $MBUU STOCK NEWS

Welcome to our dedicated page for Malibu Boats news (Ticker: $MBUU), a resource for investors and traders seeking the latest updates and insights on Malibu Boats stock.

Malibu Boats, Inc. (NASDAQ: MBUU) is a premier designer, manufacturer, and marketer of a wide range of recreational powerboats. Founded in 1982 and headquartered in Loudon, Tennessee, Malibu Boats, Inc. leads the industry in performance sport boats through its flagship brands, Malibu and Axis, and is renowned for its patented wake and wave creation technologies. The company's product lineup also includes Cobalt Boats, which excels in the sterndrive boat segment, and Pursuit Boats, which specializes in high-end offshore and outboard motorboats. In 2021, Malibu further expanded its portfolio by acquiring Maverick Boat Group, enhancing its offerings in the flat fishing boat market.

The company operates multiple manufacturing facilities, with Malibu and Axis boats handcrafted along the Tennessee River and in North Albury, New South Wales, Australia. Each boat is engineered with luxury, technology, and quality in mind, catering to a diverse clientele of water sports enthusiasts, including wakeboarders, surfers, and skiers. Additionally, Malibu offers a unique 3D boat configurator on their websites, allowing customers to customize their dream boats.

Malibu Boats, Inc. has a robust financial footprint, boasting a 14% increase in net sales for Fiscal Year 2023 compared to the previous year. The company continues to innovate, recently introducing new models like the 23 LSV and M242, which are set to redefine standards in the performance sport boat market.

Despite facing a challenging macroeconomic environment, Malibu Boats remains confident in its operational prowess and strategic initiatives. The company is committed to vertical integration, producing its own engines under the Monsoon brand, and maintains a resilient supply chain to meet market demand. Through partnerships and continuous product development, Malibu Boats aims to sustain its market leadership and provide long-term value to its shareholders.

Malibu Boats' latest financial reports indicate mixed results. While net sales increased marginally in certain segments, overall unit volume saw a decrease due to normalized inventory levels post-COVID and higher interest rates affecting dealer flooring program costs. Nevertheless, the company achieved a gross profit increase, driven by higher sales revenues and better performance in the Saltwater Fishing segment.

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Malibu Boats, Inc. (MBUU) appoints Bruce Beckman as Chief Financial Officer, effective November 27, 2023. Beckman joins from Entegris with a proven track record in finance and strategic execution. He will lead the financial management and planning processes, driving Malibu's next stage of growth.
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Malibu Boats, Inc. (Nasdaq: MBUU) reported its financial results for the first quarter ended September 30, 2023. Net sales decreased by 15.3% to $255.8 million compared to the same quarter last year. Unit volume also declined by 24.1% to 1,698 units. Gross profit decreased by 23.9% to $56.8 million, and net income decreased by 42.5% to $20.8 million. Adjusted EBITDA decreased by 31.7% to $39.0 million. Net income per share (diluted) decreased by 42.0% to $0.98 per share, and adjusted fully distributed net income per share decreased by 36.9% to $1.13 per share on a fully distributed weighted-average share count of 21.3 million shares of Class A Common Stock.
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Malibu Boats to release Q1 fiscal 2024 financial results on October 31, 2023
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Malibu Boats, Inc. executives to participate in fireside chat at D.A. Davidson conference
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Axis Wake introduces the all-new A245, a redesigned and advanced boat model for 2024.
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Malibu Boats, Inc. announces Q4 and FY 2023 financial results. Net sales increased 5.4% to $372.3 million in Q4 and 14.3% to $1,388.4 million in FY 2023. Gross profit increased 14.3% to $102.5 million in Q4 and 13.3% to $351.3 million in FY 2023. Net income decreased 136.3% to a net loss of $18.0 million in Q4 and 34.0% to $107.9 million in FY 2023.
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Malibu Boats, Inc. (Nasdaq: MBUU) will release its Q4 and full-year fiscal 2023 financial results on August 29, 2023. A conference call will be hosted by CEO Jack Springer and CFO David Black at 8:30 a.m. ET on the same day. Interested parties can listen to the call by dialing (833) 630-1956 or (412) 317-1837, or by accessing the live webcast on the company's website. A replay of the webcast will be available on the website for twelve months.
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FAQ

What does Malibu Boats, Inc. manufacture?

Malibu Boats, Inc. designs and manufactures recreational powerboats, including performance sport boats, sterndrive boats, and high-end offshore and outboard motorboats.

Where are Malibu and Axis boats made?

Malibu and Axis boats are handcrafted in the United States along the Tennessee River in Loudon, Tennessee, and in North Albury, New South Wales, Australia.

What brands are included in Malibu Boats, Inc.'s portfolio?

Malibu Boats, Inc. owns the Malibu, Axis, Cobalt, Pursuit, and Maverick Boat Group brands.

How did Malibu Boats perform financially in Fiscal Year 2023?

Malibu Boats saw a 14% increase in net sales for Fiscal Year 2023 compared to Fiscal Year 2022, with improved financial and operational metrics despite a challenging environment.

What are some recent models introduced by Malibu Boats?

Recent models include the 23 LSV and M242 in the Malibu and Axis brands, known for their premium features and performance.

What is Malibu Boats' strategy for meeting market demand?

Malibu Boats focuses on vertical integration, producing its own engines and maintaining a resilient supply chain to meet market demand and match wholesale and retail requirements.

How can I customize a Malibu or Axis boat?

You can customize a Malibu or Axis boat using the world's first 3D boat configurator available on their respective websites.

Who is the current CEO of Malibu Boats, Inc.?

The current CEO of Malibu Boats, Inc. is Jack Springer.

What is the significance of the Monsoon brand for Malibu Boats?

The Monsoon brand represents Malibu Boats' line of engines, which are used in their performance sport boats and now in Cobalt boats as well.

Where can I find the latest financial reports for Malibu Boats, Inc.?

The latest financial reports can be found on the Investor Relations section of Malibu Boats, Inc.'s official website.

Malibu Boats, Inc.

Nasdaq:MBUU

MBUU Rankings

MBUU Stock Data

760.56M
20.20M
3.28%
100.05%
5.42%
Boat Building
Manufacturing
Link
United States of America
LOUDON

About MBUU

founded in 1982 in merced, calif., malibu is the world's leading watersports towboat manufacturer by sales volume and is the global leader in patented wake and wave creation technologies. the malibu brand family also includes axis wake research and cobalt boats. today, malibu boats and axis are still handcrafted in the united states along the shore of the tennessee river in loudon, tenn., and boast unmatched american engineering, luxury, technology and quality. in australia, malibu and axis boats are made at our factory in north albury, new south wales, with the same legendary craftsmanship. whether you wakeboard, surf or ski with family and friends, malibu has your ideal boat. build your own custom malibu or axis in minutes using the world's first 3d boat configurator at www.malibuboats.com or www.axiswake.com.